News List

PENJANA reignites growth of trade, industrial, manufacturing sectors -- Ban Hong

MELAKA, June 7 -- The National Economic Recovery Plan (PENJANA) is a sustainable economic stimulus package aimed at reigniting the growth of the country's trade, industrial and manufacturing sectors that have been battered by COVID-19.

PENJANA's tax exemption augurs well for palm oil industry

By Nurul Hanis Izmir

KUALA LUMPUR, June 7 -- COVID-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (PENJANA) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price.

Wan Zulkiflee’s experience stands him in good stead in steering MAB

KUALA LUMPUR, June 7 -- Tan Sri Wan Zulkiflee Wan Ariffin’s crisis management experience in the oil and gas industry will stand him in good stead in mending the ailing Malaysia Airlines Bhd (MAB).

New Petronas president Tengku Taufik holds wide experience in oil and gas sector

By Siti Radziah Hamzah

KUALA LUMPUR, June 6 -- Tengku Muhammad Taufik Tengku Aziz, currently Petroliam Nasional Bhd's (Petronas) group chief financial officer, will take over the helm of the national oil firm from Tan Sri Wan Zulkiflee Wan Ariffin beginning July 1. 

Sapura Energy secures contracts worth RM766 mln

KUALA LUMPUR, June 3 -- Oil and gas solutions provider Sapura Energy Bhd, through its engineering and construction subsidiaries, has been awarded five contracts from around the Southeast Asian region with a combined value of RM766 million.

KeTSA to offer 1,000MW solar quota under LSS@MenTARI programme

IPOH, May 28 -- The Ministry of Energy and Natural Resources (KeTSA) via the Energy Commission (EC) will open a competitive bidding process for Large Scale Solar (LSS) programme by Malaysia Electricity Industry to Attract Renewable Energy Investment (LSS@MenTARI) starting May 31, 2020.

Toshiba's high-voltage intelligent power device helps lower motor power dissipation

KUALA LUMPUR, May 28 -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched a high-voltage intelligent power device (IPD) housed in a small surface mount package.

Global energy investment expected to fall by record 20 percent in 2020 due to COVID-19 – IEA

MOSCOW, May 27  -- The world’s investment in the energy sector is projected to plummet by a record-high 20 percent year-on-year in 2020 as a consequence of the energy crisis and the COVID-19 pandemic outbreak, Sputnik news agency quoted the International Energy Agency (IEA) as saying on Wednesday.

Malaysian economy to face sharp slowdown as LI records largest drop in March - DOSM

KUALA LUMPUR, May 22 -- The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week Movement Control Order (MCO) beginning on March 18 to curb the spread of COVID-19. 

JM Bariani House eyes RM100 mln revenue over next five years

KUALA LUMPUR, May 21  -- SD Impex Sdn Bhd (SDI) expects JM Bariani House to generate RM100 million in revenue over the next five years.